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20121202
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later and when we get to next year we are in an economy that is in a higher tax environment, companies will grow less well if that environment, association whatever cash they have, and they have available to pay out, will be taxed at a high are rate. >>neil: what do you make of the argument we had much higher dividend tax rates in the reagan administration, a good part of the clinton administration, and we did fine. >>guest: it was great to be a world monopoly. a wonderful thing to have the expire world recovering from world war ii but that is not where we are. higher taxes hurt economic growth. people say it doesn't hurt it and they are saying of all the possible answers i will pick the extreme one, which is zero. what is most iportant? millions are out of work, we have incomes that have not grown but they have fallen. i would think growth is the priority. >>neil: is that going do mean more dividends next year to make up for the tax hit they will face? will they still cash out with the dividends? isn't that going do lead to a market tank? >>guest: one of the things, what we are seeing
to meet. they don't meet. so, are you worried that environment makes things so dicey that no deal is done and if it is done, it it is a bad d. >>guest: i am worried. the so-called fiscal cliff was put in law because it was stuff that would be so unacceptable congress would never let it happen, enormous tax increases, grotesque cuts in spending but here we, it is in the law. congress does nothing which congress is good at doing and go over the cliff and some want to see that happen because then the crisis will generate the kind of bipartisan agreement we need but that is irresponsible. >>neil: it is looking more likely. then who picks up the pieces? >>guest: the country suffers. i don't think anyone gains politically. you know that almost everyone here in both parties will tell you if you talk to them privately, this ends with entitlement reform. not cutting programs like medicare but slowing down the growth in the programs because they are the big drivers of the deficit and raising more out of the revenue, out of the tax system. whether you call iterates or reform over whatever you call i
and be a member. so, this creates an environment where people can say, they are choosing to join a union because the unions put a value proposition to make it worthwhile and if they are not providing value someone should be forced to choose so i view this as pro worker legislation. >>neil: governor, this woman's remarks went viral soon after she said them, a council woman in detroit talking about the post obama election envice president, i am sure you are familiar, but if you are not, please respond to this. >> after the election of jimmy carter, we had young and he went to washington, dc and he came back home with some bacon. young did. that is what you do. that is what you do. our people in an overwhelmingly matter supported the re-election of this president and there ought be to a quid pro quo and we ought to exercise leadership on that. not just that, but why not? >>neil: what do you thing 1/2? >>guest: it is unfortunate. that is one council woman's comments. a challenge in detroit the city council and the mayor have not been on the same page. they are running out of time. they have been in
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